Sona Machinery Limited IPO
Sona Machinery Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹136–₹143 per share. The stock debuted at ₹125. The IPO had a lot size of ₹1000 shares and a minimum investment of ₹1,43,000.
Sona Machinery Limited IPO
- IPO Dates
- Mar 5, 2024 – Mar 7, 2024
- Price band
- ₹136-143 per equity share
- Minimum Investment
- ₹1,43,000
- Issue size
- ₹51.82 Cr
- Lot size
- 1000
- Allotment Date
- Mar 11, 2024
- Listing
- Mar 13, 2024
- Listing At
- NSE SME
IPO timeline
-
Mar 5, 2024
Open Date
Completed
-
Mar 7, 2024
Close Date
Completed
-
Mar 11, 2024
Allotment Date
Completed
-
Mar 13, 2024
Listing Date
Completed
Sona Machinery Limited IPO Essentials
Sona Machinery Limited IPO Details
Sona Machinery Limited IPO is priced at ₹136-143 per share with a total issue size of 51.82 crore. The IPO has a lot size of 1000 shares and is listed on NSE SME.
- Issue price
- ₹136-143 per equity share
- Lot size
- 1000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 3,624,000 shares(aggregating up to ₹51.82 Cr)
- Total issue size
- 36,24,000 shares
(aggregating up to ₹51.82 crore) - Fresh issue
- 36,24,000 shares
(aggregating up to ₹51.82 crore) - Listing at
- NSE SME
- List price
- 125.0
- Listing date
- Registrar
- Maashitla Securities Private Limited
- Lead manager
-
Hem Securities Limited
Market Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1000 | ₹1,43,000 |
| Retail(max) | 1 | 1000 | ₹1,43,000 |
| NII (min) | 2 | 2000 | ₹2,86,000 |
Sona Machinery Limited IPO Reservation
Sona Machinery Limited IPO reservation details show category-wise allocation of shares. Out of the total 3,624,000 shares, approximately 18.98% are reserved for QIB, 14.27% for NII, 33.25% for retail investors, 5.02% for market maker, and 28.48% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,032,000 (28.48%) | |
| Market Maker Shares Offered | 182,000 (5.02%) | |
| QIB Shares Offered | 688,000 (18.98%) | |
| NII (HNI) Shares Offered | 517,000 (14.27%) | |
| Retail Shares Offered | 1,205,000 (33.25%) | |
| Total Shares Offered | 3,624,000 (100%) |
Sona Machinery Limited IPO Analytics
Sona Machinery Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Sona Machinery Limited IPO Subscription Status
Sona Machinery Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 688,000 / 517,000 | 1,205,000 | 2,410,000 |
|
Day 1
05-03-24 06:00 PM
|
(6.71 / 8.65) x | 19.62 x | 13.58 x |
|
Day 2
06-03-24 06:00 PM
|
(6.78 / 34.49) x | 63.59 x | 41.13 x |
|
Day 3
07-03-24 06:00 PM
|
(129.72 / 554.77) x | 235.06 x | 273.57 x |
Sona Machinery Limited Valuations
Earnings
- EPS Pre IPO
- ₹7.63/-
- EPS Post IPO
- ₹7.08/-
- P/E Pre IPO
- 18.73
- P/E Post IPO
- 20.2
Returns
- ROE
- 44.49%
- ROCE
- 46.61%
- RoNW
- 36.39%
- PAT Margin
- 10.32
Fundamentals
- Debt / Equity
- 0.06
- Price / Book
- 8.11
Sona Machinery Limited Financials( In Lakhs)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 2,864.75 | 1,520.54 | 732.62 |
| Revenue | 8,118.06 | 4,453.07 | 606.33 |
| Profit After Tax | 770.96 | 330.02 | 28.22 |
| Net Worth | 1,132.34 | 363.98 | 37.51 |
| Reserves & Surplus | 1,122.34 | 353.98 | 27.51 |
| Total Borrowing | 252.60 | 236.61 | N/A |
Sona Machinery Limited Company & Offer Insights
About Sona Machinery Limited
Sona Machinery Limited is an agricultural machinery manufacturing company for processing rice, pulses, wheat, spices, and Barnyard Millet. It was established in 2019.
The company produces Grains Pre-Cleaner machines, Rotary Drum Cleaner, Vibro Classifiers, Stone Separator Machines, Paddy De-Husker, Husk Aspirator, Rice Thick/Thin Grader, Rice Whitener, Silky Polisher, Multi Grader, Length Grader, Belt Conveyer, Bucket Elevator etc.
Its products are exported from India to Nigeria, Bangladesh, Nepal, and Kenya.
Das System & Services Pvt Ltd. has accredited the company with ISO 9001:2015 for Quality Management Systems.Sona Machinery offers engineering, installation, supervision, and machine commissioning services, thus providing a comprehensive solution for the milling sector, from grain unloading and milling to pre-crushing for ethanol distilleries and from paddy unloading to rice packing for the rice milling industry.
Manufacturing unit located at Ghaziabad, Uttar Pradesh, which contains the total area of about 52,205 sq. ft. Material and finished goods warehouse.
The company had more than 390 employees with the help of semi-skilled workforce at all levels of the organization as of September 30, 2023.
Sona Machinery Limited Promoter(s)
Mr. Vasu Naren, Ms. Shweta Baisla are the company's promoters of Sona Machinery Limited.
Sona Machinery Limited IPO Issue Objectives
- •
- Funding the Capital Expenditure requirements of the company towards setting up a new manufacturing unit at Ghaziabad.
- •
- Repayment of the outstanding amount of the Letter of Credit availed by the company for the purchase of machinery.
- •
- General Corporate Purpose
Contact Information
Contact Details
Sona Machinery Limited
+91-8448984368
Unit No. 701, 7th floor, KLJ Tower, Plot No. B-5, Netaji Subhash Place, Maurya Enclave, North West Delhi, Delhi – 110034
Registrar Contact Details
Maashitla Securities Private Limited
+91-11-45121795-96
Frequently Asked Questions
Click any question to reveal the answer
Sona Machinery Limited IPO is a book-built IPO worth ₹51.82 crore. The price band is ₹136–₹143 per share. The IPO opens on Mar 5, 2024 and closes on Mar 7, 2024. It will be listed on NSE SME Platform. Maashitla Securities Private Limited is the registrar.
The price band of Sona Machinery Limited IPO is ₹136 to ₹143 per share.
The lot size of Sona Machinery Limited IPO is 1000 shares.
The minimum investment for Sona Machinery Limited IPO is approximately ₹1,43,000 based on the upper price band .
Sona Machinery Limited IPO opens on Mar 5, 2024 and closes on Mar 7, 2024.
The allotment date of Sona Machinery Limited IPO is Mar 11, 2024.
Sona Machinery Limited IPO is expected to be listed on Mar 13, 2024, on NSE SME Platform.
Sona Machinery Limited IPO valuation snapshot: P/E 20.2, EPS ₹7.08/-, P/B 8.11, RoNW 36.39%, and market cap N/A.
To apply for Sona Machinery Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Sona Machinery Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Sona Machinery Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Sona Machinery Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Sona Machinery Limited IPO allotment status on IPO Ji for quick and easy access.